About Prabhat Technologies (India) Limited
Data last updated:
Prabhat Technologies (India) Limited is a public limited company based in Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 02 April 2007.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L72100MH2007PLC169551. Its GSTIN is 07AAECP2288G2ZA (Delhi). The company holds 12 GST registrations, of which 2 are active. It is recorded as listed by MCA, but trading in its shares on BSE (540027) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹10.71 Cr. It was formerly known as Prabhat Telecoms (India) Limited and Prabhat Telecommunication Private Limited. It is led by directors including Vishwamani Matamani Tiwari (Managing Director) and Parag Malde Rameshchandra (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹7.35 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹67.72 Lakh (net margin -9.2%) and EBITDA of -₹52.67 Lakh (EBITDA margin -7.2%). Revenue has declined at a compounded annual rate (CAGR) of 42% over three years and 44% over five years.
The company has about 1 employee on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹99.15 Cr and satisfied charges of ₹74.95 Cr on record. Court records list 27 cases involving the company, including 8 filed by the company and 19 filed against it; 13 cases are pending. The company has 22 deals on record (21 market trades, 1 ipo); the latest was in November 2023. The company has 10 MSME Form 1 returns on record between 2017 and 2024, listing 20 overdue payments to 12 micro and small suppliers.
The last known website on record is prabhatgroup.net.
Company details
Name history
Prabhat Technologies (India) has undergone 3 name changes throughout its history. The company was previously known as Prabhat Telecoms (India) Limited, Prabhat Telecommunication Private Limited, and Prabhat Telecoms (India) Private Limited. The current legal name is Prabhat Technologies (India) Limited.
| Company Name | Status |
|---|---|
| Prabhat Technologies (India) Limited | Current |
| Prabhat Telecoms (India) Limited | Previous |
| Prabhat Telecommunication Private Limited | Previous |
| Prabhat Telecoms (India) Private Limited | Previous |
CIN history
Prabhat Technologies (India) has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L72100MH2007PLC169551, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L72100MH2007PLC169551 | Current |
| U72100MH2007PLC169551 | Previous |
| L59112MH2007PLC169551 | Previous |
Contact details
Prabhat Technologies (India) Limited's registered office is in Mumbai, Maharashtra. Its website is prabhatgroup.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit No. 402 Western Edge I Kanakia Spaces Express Highway, Borivali (East) India, Mumbai, Maharashtra, India – 400066
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
To see the full contact details of Prabhat Technologies (India) Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Prabhat Technologies (India) is manufacturing. In detail, this covers computer, electronic, communication and scientific measuring & control equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment |
To see the full business activity and turnover split of Prabhat Technologies (India) Limited, buy the company report.
Financials of Prabhat Technologies (India) Limited
FY 2024 filings availablePrabhat Technologies (India) Limited reported revenue of ₹7.35 Cr (up 174% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 174% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 44%. EBITDA rose 57% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹52.67 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹67.72 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -7.2% | ||||
| Net Profit Margin | -9.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Prabhat Technologies (India) Limited, buy the company report.
Board of directors of Prabhat Technologies (India) Limited
Prabhat Technologies (India) has 5 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Parag Malde Rameshchandra Also directs: Prabhatech Global Industries Private Limited, Vee Three Informatics Limited, Core4 Marcom Private Limited and 2 more | Whole-Time Director | 01 Jan 2013 | 13 Years 10 Months | As last reported |
| Vishwamani Matamani Tiwari | Managing Director | 02 Apr 2007 | 19 Years 7 Months | As last reported |
| Alberto Agostino Mario Zummo | Director | 24 Feb 2018 | 8 Years 8 Months | As last reported |
| Geeta Krishna Bhosle Also directs: Basestone Corporate Advisors India Private Limited | Director | 06 May 2019 | 7 Years 6 Months | As last reported |
| Nidhi Prem Chand Dodhia | Director | 11 Jan 2019 | 7 Years 10 Months | As last reported |
Auditor
Prabhat Technologies (India) Limited is audited by Harish Arora & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Harish Arora & Associates | FY 2023 | 015226C |
Shareholding
The shareholding of Prabhat Technologies (India) Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Prabhat Technologies (India) Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jan 2016 | 10621784 | Bank of India | ₹8.75 Cr | Open | |
| 05 Dec 2015 | 10623323 | Union Bank of India | ₹5.4 Cr | Open | |
| 25 Jul 2014 | 10512729 | Others | ₹85 Cr | Open | |
| 02 May 2015 | 10570418 | State Bank of Bikaner and Jaipur | ₹7.3 Cr | Satisfied | |
| 28 Mar 2014 | 10494389 | Bank of India | ₹15 Cr | Satisfied |
To see the full charge records of Prabhat Technologies (India) Limited, buy the company report.
Total charge records: 12 View all charges
Deals & funding
Prabhat Technologies (India) Limited has 22 deals on record (21 market trades, 1 ipo); the latest was in November 2023.
Deals on record (5 of 22)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Market trade | ₹7.77 Cr | Buyer: Anustup Trading Private Limited Seller: Olga Trading Private Limited |
| Jun 2021 | Market trade | ₹15.72 Cr | Buyer: Esaar (India) Ltd. Seller: an individual |
| Apr 2021 | Market trade | ₹3.98 Cr | Buyer: Esaar (India) Ltd. |
| Apr 2021 | Market trade | ₹4.33 Cr | Buyer: Esaar (India) Ltd. |
| Dec 2020 | Market trade | ₹21.58 Cr | Buyer: 2 individuals Seller: Esaar (India) Ltd. |
To see the full deal history of Prabhat Technologies (India) Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Prabhat Technologies (India) Limited has 27 court cases on record: 8 filed by Prabhat Technologies (India), 19 filed against it. 13 cases are pending and 14 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 10 | 6 |
| NCLAT | 8 | 8 | 4 |
| High courts | 6 | 0 | 3 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by M/S Esaar (India) Ltd | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by M/S Esaar (India) Ltd | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Ceva Logistics India Pvt. Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by M/S Paramount Consultant and Corporate Advisors Pvt Ltd | Disposed |
| District court, West, Delhi | Civil suit | Filed against the company by Om Logistics Ltd | Disposed |
To see the full case history of Prabhat Technologies (India) Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Prabhat Technologies (India) Limited was last rated by Brickwork on 29 Oct 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 29 Oct 2021 |
To see the full credit ratings and regulatory alerts of Prabhat Technologies (India) Limited, buy the company report.
MSME payment delays
Prabhat Technologies (India) Limited has 10 MSME Form 1 returns on record between 2017 and 2024, listing 20 overdue payments to 12 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 12)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Core4 Marcom Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Galo Energy Private Limited |
To see the full MSME payment records of Prabhat Technologies (India) Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Prabhat Technologies (India) has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Prabhatech Global Industries Private Limited Priv | U32302MH2018PTC309377 |
To see the full group structure of Prabhat Technologies (India) Limited, buy the company report.
Employees & EPFO
Prabhat Technologies (India) Limited has a workforce of 1 employees on its EPFO records as of Feb 2022, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2021-22 | 1 |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Prabhat Technologies (India) Limited, buy the company report.
GST
Prabhat Technologies (India) has 12 GST registrations: 2 active and 10 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAECP2288G2ZA | Delhi | Active | 16 Feb 2018 |
| 19AAECP2288G3Z4 | West Bengal | Active | 22 Feb 2018 |
To see the full GST registrations and return filing status of Prabhat Technologies (India) Limited, buy the company report.
Recent activity
Prabhat Technologies (India) Limited has 33 board changes on record since 2007: 19 appointments and 14 cessations. The latest: Meghana Ekanath Kashte ceased to be Company Secretary on 19 Dec 2019.
48 earlier events are in the company report.
Frequently asked questions
Prabhat Technologies (India) is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Prabhat Technologies (India) is a company under insolvency, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 02 April 2007 and is registered under CIN L72100MH2007PLC169551. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Prabhat Technologies (India) has 5 current directors:
- Vishwamani Matamani Tiwari - Managing Director
- Parag Malde Rameshchandra - Whole-Time Director
- Alberto Agostino Mario Zummo - Director
- Geeta Krishna Bhosle - Director
- Nidhi Prem Chand Dodhia - Director
The latest financial statements of Prabhat Technologies (India) on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Prabhat Technologies (India) is L72100MH2007PLC169551. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prabhat Technologies (India) is recorded as a listed company by MCA, but trading in its shares on BSE (540027) has been suspended, so they do not currently trade on a stock exchange.
Prabhat Technologies (India) has open charges of ₹99.15 Cr and satisfied charges of ₹74.95 Cr as per latest MCA filings.
Prabhat Technologies (India) has 27 court cases on record: 8 filed by the company and 19 filed against it. 13 are pending. Most are in the district courts.
Prabhat Technologies (India) was incorporated on 02 April 2007. It is registered with the Registrar of Companies, Mumbai.
Prabhat Technologies (India) has 22 deals on record (21 market trades, 1 ipo); the latest was in November 2023.
Meghana Ekanath Kashte ceased to be Company Secretary on 19 Dec 2019. Nutan Birendrapratap Singh ceased to be Director on 10 Oct 2019. Geeta Krishna Bhosle was appointed as Director on 06 May 2019. Prabhat Technologies (India) has 33 board changes on record in total.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
